Plan Snapshot
- Plan Sponsor: Jp Express Service INC.
- Sponsor EIN: 113198872
- Sponsor Address: 131 HOFFMAN LANE, ISLANDIA, NY, 11749
- Plan Type: 401(k)
- Total Participants: 266
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 266 | $8.9M | $128,772 | $738,379 |
| 2023 | 255 | $8.9M | $129,040 | $625,334 |
| 2022 | 243 | $8.5M | $139,739 | $680,710 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $31,906 | — | $31,906 |
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | — | $14,385 | $14,385 |
| ASSOCIATED PENSION CONSULTANTS | Recordkeeper | $5,460 | $1,158 | $6,618 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,909
- Estimated Expense Ratio: 0.593% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $40,466 | — | $40,466 | — | — |
| 2023 | $16,268 | — | $16,268 | — | — |
| 2022 | $19,457 | — | $19,457 | — | — |